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The global tourism industry has entered a prosperous period, will the Aviation/airlines Industry continue to surge next year with the largest increase in a decade?
As the tourism industry thrives, American Airlines stock index has risen by 60%, marking the largest increase in a decade and significantly outperforming the S&P 500 Index.
Soaring 60% in a year! American Airlines stock achieves its best performance in a decade.
So far this year, the S&P Super Comprehensive Airlines Index has risen by 60%, far exceeding the S&P 500 Index's increase of 27%, with several airlines, including JetBlue Airways and Southwest Airlines, revising their earnings forecasts for the fourth quarter of 2024. Barclays expects the fundamentals of the airline industry to improve significantly in 2025, with stronger profit margins and earnings outlooks for many airlines.
In 2024, from Boeing's troubles to bankruptcy and mergers, USA's Airlines collectively experienced a roller coaster.
According to FX168 Financial News (North America), 2024 will be another eventful autumn for American Airlines.
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